Hello been pre-approved 225K, looking for first flip or Buy &Hold

[Mark Sydow]

Hello everyone, I have been a member of BP for a while now. I finally got everything in order and was approved for up to 225K. Looking for my first investment property in the Tampa Florida area. Either a buy and flip or BRRRR method. If anyone has any leads on potential properties or are willing to give me some constructive advise that would be great.

Thanks in advance.

Mark

[Tom Parris]

Hi @Mark Sydow,

Congrats on making the jump. I recommend buying a duplex or bigger in Lakeland/Plant City with a 203k loan. That way you can finance the purchase as well as the improvements whether you need or want them. That methods provides you with the most comfortable opportunity to live for less, when you rent out the other unit(s). This will also provide priceless landlord experience, and a solid foundation for your future investments. 

Happy to share any advice,

Tom